MM Unit - I

Material management is also called as ____________.

• Control and logistic management

• Distribution Planning

• Both of the above

• None of the above.

Materials Management involves the controlling, _____, and _____ of all the steps used to transform tangible components within the business processes of an organization.

• Planning and Organizing

• Procurement and Sale

• Initiation and Planning

• Implementing and Planning

What are Not the purpose of the Material management?

• To gain economy in purchasing

• To stabilize fluctuations in consumption

• To provide reasonable level of client services

• None of the above

.How many basic needs of material management are there?

• Two

• Six

• Four

• Ten

Purchasing control is a one of the scope of material managment.

• True

• False

How many function are there in material management

• 1

• 6

• 2

• 5

The information needed to develop an MRP includes:

• Actual orders received from customers and stock replenishment

• Forecast for individual end items

• The production plan

• All of the above

8. What are not the primary function?

• MRP

• Purchasing

• Make & Buy Decision

• Quality Control of Materials

8. Planning of materials requirements in manufacturing is a necessary function in any organization, as inventory of materials involves about _______________ of the total investment of the organization.

• 50%

• 60%

• 75%

• 80%

What is full form of MRP?

• Materials Requirements Planning

• Materials resources planning

• Materials reimburse planning